Green – Finance
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Singapore Signs Deals for More than 2 Million Tonnes of Nature Based Carbon Credits
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Singapore’s Ministry of Trade (MTI) and National Climate Change Secretariat (NCCS) announced that the government will contract more than 2 million tonnes of nature-based carbon credits from four projects…
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Robeco Awarded $18 Billion Mandate for Dutch Pension Fund’s Shift to More Sustainability-Focused Strategy
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International asset manager Robeco announced that it has been awarded €15.4 billion (USD$18.1 billion) in investment mandates by pension investor PGGM on behalf of Dutch pension fund PFZW, as…
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EU to Provide €17.5 Billion Financing for Energy Efficiency, Decarbonization Projects for SMEs
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The European Investment Bank (EIB) announced today that it will provide €17.5 billion in funding over the next three years, supported by the European Commission, for the energy efficiency…
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Hong Kong Proposes Expanding Sustainable Finance Taxonomy to Transition Activities
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The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of a draft update of the Hong Kong Taxonomy for Sustainable Finance – its classification…
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Denmark to Issue First-Ever Sovereign Green Bond Under EuGB “Gold Standard”
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The Kingdom of Denmark announced plans to raise up to DKK 10 billion (USD$1.6 billion) through a new green bond offering, expected to be the first ever sovereign issuance…
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Net Zero Banking Alliance Pauses Activities
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The Net-Zero Banking Alliance (NZBA), a UN-backed banking sector coalition dedicated to advancing global net zero goals through their financing activities, announced that it has paused its activities following…
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FCA Says Sustainability-Linked Loan Market Has Become More Mature, Credible
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The sustainability-linked loan (SLL) market has made progress towards addressing some of its key integrity and credibility issues, according to a new review by UK financial services regulator the…
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Danske Bank Divests More than 85% of Fossil Fuel Companies Over Transition Plans
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Copenhagen-based Danske Bank Group announced that it has divested from the vast majority of its investments in fossil fuel companies through its Danske Invest fund management unit and Danica…
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Nuveen Raises $1.3 Billion for New Power Generation and Sustainable Infrastructure Credit Fund
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Investment manager Nuveen announced that it has raised $1.3 billion in capital commitments at the first close of Energy & Power Infrastructure Credit Fund II (EPIC II), reaching more…
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Fortescue Turns to China for $2 Billion Loan to Fund Decarbonization as U.S. “Steps Back” from Green Investments
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Australia-based iron ore mining company Fortescue announced that it has secured a RMB 142. Billion (USD$2 billion) Renminbi denominated (RMB) Syndicated Term Loan Facility, with proceeds to be used…